Interest rates news and advice

All the latest news on interest rates in Australia.

RBA leaves interest rates on hold

RBA leaves interest rates on hold

At its monthly meeting yesterday (May 5th), the Reserve Bank of Australia (RBA) decided to hold off on any further interest rate cuts, leaving rates at three per cent.

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Banks shy away from RBA cuts

Banks shy away from RBA cuts

With concerns growing about the bad debt soaked up by Australia’s biggest bank, it is becoming increasingly unlikely that any further interest rate cuts from the Reserve Bank will trickle through to home loan interest rates, the Sydney Morning Herald warns.

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Interest rate cut too late for many

Interest rate cut too late for many

Thousands of consumers have seen the interest rate cut come too late, as new figures from the Insolvency and Trustee Service Australia (ITSA) show an increase in bankruptcies and insolvencies.

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Rate cut 'could cause misery' for home loan holders

Rate cut 'could cause misery' for home loan holders

Although those looking to compare home loans may have welcomed the Reserve Bank of Australia’s (RBA’s) decision to cut the cash rate by 25 basis points, consumers stuck on fixed-rate home loan deals may have met the news with a groan.

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Interest rates in 1960s time warp

Interest rates in 1960s time warp

With Reserve Bank interest rates at their lowest level since 1964, many Australians are mulling over switching from a fixed to a variable home loan, overpaying on their mortgage to go debt-free more quickly, or even investing in additional property.

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